Saxo Bank Review 2021

A regulated bank, Saxobank offer CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

Saxo Bank is broker that offers traders CFD, Forex, Cryptocurrency, Binary Options and Stocks. Saxo Bank allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, Saxo Bank has Demo Accounts, Islamic Accounts and Signals but is missing Social Trading and Auto Trading.

Careful traders will be pleased to know that Saxo Bank is licensed to provide trading services by multiple regulatory bodies, 3 in fact, including the FCA.

Saxo Bank Summary

A regulated bank, Saxobank offer CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

Ratings

90%
Trust
83%
Instruments
57%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Binary Options, Stocks
Demo Account
Min. Deposit£500
Min. TradeVary by asset
Regulated ByDanish FSA, FCA and Others
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Leverage1:30
FTSE Spread1.2 pts (Variable)
GBPUSD Spread0.7 (var)
Oil Spread0.03
Stocks Spread0.10% (subject to min commission)

Forex Trading

GBPUSD Spread0.7 (varies by region)
EURUSD Spread0.2 (varies by region)
EURGBP Spread0.6 (varies by region)
Assets40+

Binary Options Trading

Payout Percent
Risk Warning – Your capital is at risk

FAQ

Is Saxo Bank Safe?

Yes, we gave Saxo Bank a high 90% trust score in our review and believe traders should be safe here. One of the main positives for Saxo Bank is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.

Does Saxo Bank Accept PayPal?

No, Saxo Bank does not accept PayPal payments.

Is Saxo Bank Halal?

Yes, Saxo Bank does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does Saxo Bank support?

Saxo Bank only supports the MetaTrader 4 trading platform at this time.

Is Saxo Bank Regulated?

Yes, Saxo Bank is regulated by 3 different regulators: Danish FSA, FCA and Others. Most importantly, they're regulated by our own strong FCA here in the UK.

Saxo Bank vs Other Brokers

If you want to compare Saxo Bank with other brokers, use the detailed comparisons below.

Saxo Bank vs
A regulated bank, Saxobank offer CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms